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Feb 11, 2013 7:00am EST
. >> thank you very much. i will bring reaction from spain in a moment. but based on what steve was having to say -- the duty, whether it be to health or circumstances -- everything he has had to deal with. >> sounds very much he is paving the way for the possibility. he has not broken a rule. several hundred years ago there was a change in canada law that if the pope decided to resign in full freedom -- the key words, it means nobody has pushed him out. if he has done it off of his own -- it is -- a lot of people were saying before that john paul ii for have should have done that to save themselves all of the pain but he very much felt that his was an office that lived and died with him at that point. clearly pope benedict xvi feels it is better to hand it over to someone, given the size of the job at how much response ability it is. >> let's turn to the bbc's tom burridge for madrid. the reaction there. >> no official reaction yet but we did get through to a priest in the local parish in madrid that expressed the surprise, a complete shock, i guess, over the decision saying he has not sp
Feb 20, 2013 6:30pm PST
for spain battling its crippling economic crisis, and to make matters worse, many spanish politicians who are supposed to be leading the country out of the crisis are themselves the target of corruption allegations. >> even spain's prime minister has been implicated, but at his state of the nation address, he skirted the issue, instead playing up economic improvements and announcing a new tough line against corruption. >> it is his first state of the nation address, and it comes at a tough time -- his party is embroiled in a slush fund scandal. but he went on the attack, calling for cross-party support for anti-corruption drive. >> corruption is a problem that alarms the people and affects the image of spain. all corruption is unbearable. it is corrosive for civic spirit. it injures democracy and discredits spain. >> many spaniards remain skeptical, given the harsh austerity measures forced upon them. >> spain is a country full of corrupt people. i think that is terrible. >> the politicians are a disgrace. let's hope things change. >> there's been some good news -- spain's 2012 budget def
Feb 4, 2013 4:00am EST
that alter the economic positions that spain finds itself in? some will argue it would because they don't -- take it on board, introduce the external controls and if you like wrap up the situation. so there's a bull argument within the bear argument. >> where do you fall on that spectrum? >> i think it's going to be business as usual from a political point of view. >> and do you like your investments here? >> yes, i do. >> at what point do you start to take profit? >> i think the credit markets are telling you that. i think it's beginning to say a run for the spanish bull market which could go further, but it's not the same in the last three or four months. >> there's a ten year, 5.31%. are you sticking with it until it goes below five? >> technically, if you hold rates where they are and germany around 2% at 4%, 4.5%, but that's not the move from 7 that we've seen in the last month. >> missed the easy money. stay tuned. in just under half an hour, we'll be live with that meeting on merkel and rajoy. silvia wadhwa will join us for that. first, let's get the latest from asia. sixuan join
Feb 4, 2013 6:30pm PST
. ever deeper into-- he traveled to berlin with spain even deeper into the concession. >> i reiterated once again that we're full of respect for the reforms implemented in spain. >> he touted his government's financial policies pointed out that as a spending has been reduced and ailing financial institutions have been restructured. he predicts the reforms will reflected in unemployment numbers and he intends to finish the job. >> as i already said saturday, i am just as courageous, convinced, strong, and determined as i was when i took office to solve the worst spanish crisis in 30 years. >> both governments are desperate to bring the crisis under control. they want to excel britney eurozone and the eu's political and economic integration. >> our political correspondent is following this and we go live to our parliamentary studios. all parties concerned about corruption in spain likely to hinder the premier and his ability to solve the crisis in his country? are those concerns in berlin? >> his own personal ratings are at an all-time low before the allegations surfaced. both think it c
Feb 5, 2013 2:00am PST
between gibraltar and spain is a difficult one. more than 300 years ago, the peninsula between the mediterranean and the atlantic seas was conquered. ever since, gibraltar has been british territory. that is how both the international community and the population of gibraltar see it, but madrid disagrees. if it was up to the spanish government, gibraltar would be part of spain again. in the current economic crisis, the issue has once again become highly topical. >> not even a o'clock in the morning, and already a traffic jam. spanish workers are on their way to british gibraltar. -- not even 8:00 in the morning. and while -- manuel is one of them. he works in the british colony. >> i plan to stay '80s -- eight days, and i've been working here seven years. >> they consider gibraltar a blessing, especially now that unemployment rates are so high in spain. but the spanish who do not live near the border are annoyed by the british colony and its famous monkeys. manuel does not understand the resentment towards gibraltar. >> with of gibraltar, the city would not exist -- it was buil
Feb 18, 2013 7:00pm PST
of torture and rape. and clashes with police in spain. and i'm andrew thomas in australia on a tape that could determine what rights people have when they put photos online. >> he hasn't been seen or heard in public for two months but chavez is back in the lime light. he has returned to venezuela. the news of his arrival triggered celebrations on the streets from his supporters. our latin american editor has the story. >> outside of caracas, a special area set aside for people to be close to their president. after two-month absence, the ailing leader used twitter to announce his return. we have arrived again to the venezuela wail an homeland. we will continue the treatment here, he wrote. it was the longest the president had been away and unlike previous returns, this was a quiet homecoming under the quiet of darkness far from tv cameras. but it was for these people. >> we await you with open arms. we love you and will support you forever. >> chavez left for cuba in early december for yet another operation for cancer. he had been getting treatment there ever since he was diagnosed a
Feb 27, 2013 2:00pm PST
embodies both-- benedictine monastery and starting point on the pilgrimage route to santiago in spain. the story of vezelay echoes the story of europe during the crucial years of transition between the 9th and 12th centuries. it was founded in the 860s in the great cultural and artistic revival of the french emperor charlemagne. vikings burned it in the violent 9th and 10th centuries. western europe was assailed on every side by slavs, magyars, saracens, and vikings. many people thought that christian civilization itself might not pull through. in response, powerful dynasties built great strings of fortresses in which their beleaguered populations could shelter. in the 1100s, europe turned the corner suddenly, as if the passing of the millennium was the release. we see a dramatic revival in the use of monumental sculpture and large-scale architecture such as had only been glimpsed in the previous centuries. the cult of saints and the passion for pilgrimage to their shrines were dominant features of medieval culture. one of the most famous was the pilgrimage to santiago in spain. the c
Feb 11, 2013 7:00pm PST
in northern spain are bundling up and shoveling heavy snow. >> the swollen clouds affected spain produced heavy snow showers. i want to show you some situation here. weather officials have issued snow alert for much of the country. snow piled up two meters high over the weekend. temperatures plummeted. strong winds and heavy rain lasted. conditions have generally improved across much of the spain. now the system is locationed over the central parts of the mediterranean. for example, the alpine region you could be seeing an additional 25 centimeters of snow on thursday noon. the nasty weather here will prolong for the next 24 hours, at least. a new disturbance is drifting up toward the north affecting the southern parts of the scandanavian peninsula. the next system is approaching from the atlantic. island will turn wet from thursday afternoon. rain could change over to snow by the time it reaches the northern uk on wednesday. highs only 3 degrees in london. 6 degrees in paris with rain showers likely a seasonally cold in moscow. in north america we can see clouds moving across the eastern
Feb 1, 2013 4:00am EST
of the pmi, the manufacturing pmi in spain for the month of january. we're still in contraction. but the situation has improved slightly if you compare to december. 46.1 for the manufacturing pmi in january. that's to compare with 44.6 in december. that was, of course, the 21st consecutive month in contraction for the manufacturing activity in spain. but that was a bit of an improvement. as for the bank today, we've seen a negative solid trading for the banking sector in spain. the reason for that is the end of the short selling ban that was listed yesterday evening by the stock market regulator. i think this newspaper is the one that summarizes very well the situation. it's [ speaking foreign language ]. after that decision made why he yesterday. plenty of numbers to digest. full year profits down 40% for bbva, the second largest spanish bank. the bank was hit by the recession in spain because it makes 70% of its business out of the country. but still, it's spanish operations were in the red. 1.3 billion euros last year. the bank was impacted by some significant proinvestigatio
Feb 7, 2013 7:00pm PST
there. >>> well, people in northern spain are getting slowed down and in some cases forced to come to complete stop. mai shoji explains in world weather. >> hi there. northern spain is battered by significant amounts of snowfall. take a look at this. heavy snow has hampered traffic in northern spain causing chaos. about 20 centimeters of snow has fallen over the past 24 hours in some places on thursday. several schools closed and many people were trapped in their cars and queue that went on for kilomet kilometers. more snow is expected today so conditions could get worse. in the satellite picture, you can see really typical winter cloud formation moving in to northern spain, as well. so this is dumping heavy humid flow if the northernerly direction and due to the cold air aloft creating snow clouds and will be continuing like sea-effect snow. down towards immediate trainian region, we have a couple of systems bringing unstable conditions continuously. we have numerous thunderstorm reported and gale force winds of 96 kilometers. another rainmaker towards the east covering moscow, to
Jan 31, 2013 4:00pm PST
. se llama miguel. sit back now, and relax, as we join raquel on her journey through spain. ijaime! ijaime! ijaime! iosito! captioning of this program is made possible by the annenberg/cpb project and the geraldine r. dodge foundation. this is sevilla, a city in southern spain. this is raquel rodríguez a lawyer from southern california. ud. no es española, ¿verdad? no, no. soy de los estados unidos. why is raquel here? ( timbre suena ) what has brought her to spain... and to sevilla? ( timbre suena ) esta señorita busca a la abuela. ( campanas suenan ) raquel: esta carta... se le escribió la señora suárez a mi cliente, don fernando castillo. mi cliente, don fernando, vive en méxico. está gravemente enfermo. antes de la guerra civil conoció a una mujer joven y bella-- rosario. rosario era amiga de teresa suárez. don fernando siempre creyó que rosario había muerto en la guerra pero la señora suárez dice que no y además, don fernando cree que tiene un hijo con rosario. ¿sabe ud. algo de esto? todo esto es nuevo para mí. ¿la señora suárez nunca le habló de rario o de
Feb 2, 2013 2:00pm PST
with a new police force. spain's prime minister denies receiving secret payments in a growing corruption scandal. and find out what drove a member of this japanese pop group to shave her head and apologize to her fans. welcome to the program. the french president francois hollande says his army will stay in mali until sovereignty is restored. he made the pledge on a triumphant trip to the country days after french troops ousted the rebels from the last of the three main northern cities they'd occupied. hollande got a hero's welcome visiting timbuktu. jackie is in timbuktu for us. not quite mission accomplished but it seems like hollande was welcomed, indeed. >> yes. francois hollande saw this as a mission of three stages to prevent the rebels from continuing their advance south, to recapture towns taken by the rebels and restore territorial integrity sovereignty to mali. the third part of the mission will take much longer. let's take a look at the president's day in tim puck to - timbuktu. he sent french troops to mali three weeks ago and now has come to congratulate them. the rebel adva
Feb 23, 2013 2:00pm PST
of spain's princess christina arrived and contested allegations that he used millions of dollars of public money. a corruption scandal involving two regional governments, and $7.8 million that went missing or ended up in a counts of private companies linked to the duke of palma. he has not been formally charged, but the court case has brought unwelcome attention to spain's royal family at a time of declining national popularity. the royal family costs the spanish taxpayer $10 million a year. in a country where soaring under clement has brought millions onto the streets, where one in four is out of work, allegations about the brought public toxicity. >> now with this kind of problems, legality problems, economic problems, we can see the family is not just a god. they are human family and have problems as well. >> princess cristina could be called to give evidence in court. politicians calling for the application of her father after 37 years -- abdication of her father after 37 years on the throne. peter sharp, al jazeera. >> in madrid, crowds marched on the parliament on the 32nd anniversar
Feb 4, 2013 7:00am EST
and jet another headache for spain's prime minister. >> george the pain in spain continues. more than 26 op unemployed and 5 million people who are very angry that the bloke right here. the country's prime minister who is now entangled in a corruption scandal. but will all this rattle the market confidence? it's 12:00 noon here in london. 7:00 a.m. in washington and 1:00 p.m. in the hague where officials say they have unearthed football match-fixing on a scale not seen before. the european police organization stays scam involves millions in bribeds and a crime syndicate based in asia. it results in some high-profile matches including the champions league. >> among the 380 or so suspicious matches identified in this case, they are qualification matches for the european league football championships, two u.a. champions league matches including one played in england and several top-flight matches in the european national league. in addition another 300 suspicious matches were identified outside europe in africa, asia and south and central america. so this is match-fixing activity on a scale
Feb 5, 2013 4:00am EST
is a bit more quiet. but for sure, mariano rajoy lost the opposition not only in spain, but also at the european level. it's going to be more difficult for him to perhaps negotiate more time to reduce the spanish deficit and perhaps more difficult for him to ask for insensitive measures to stimulate the economy at the european level. there's a trend on twitter tweeting for the -- the contractions for rajoy reject and that's on the right very well the situation here in spain. since the case, the corruption case was reported by the newspaper a few days ago. rajoy lost six points in the opinion polls in approval ratings. he is now amid 24%. that being said, the leader, the socialist leader of the opposition remains in terms of rating. so even if there's a lot of pressure on rajoy, there's now not any alternative in shape. that's the reason why the worry in the market. that's the reason for the decline today on the ibex 35. >> stephane, thanks for that. the bond, is it driven by political uncertainty, of course, but the pmi is up this morning for spain, up 47. but the employment pmi,
Feb 14, 2013 4:00am EST
's powerhouse. it's interesting, we've seen at morgan stanley, spain will allegedly be the new germany. we're going to ask one of his colleagues about those comments. just why he thinks it might be export in spain now that helps bail that country out. >> meanwhile, happy valentine's day. we'll be out to a highend forest to hear how big a day it is. >> and we'll head out to nestle. >> and we'll be back in moscow in the run up to this weekend's key meeting. >> and we'll get a sue from seoul as the bank of korea says the boj's expansionary policy posts uncertainties to the economy. >> italy is trading lower today but warned of a challenging 2013 to come. cherylin is at the nestle headquarters and joins us for more. i hb carolin. >> thank you, ross. you've got sales increasing by 2.2% to 92 billion swiss francs. net profit slightly lower than forecast, 8.6 billion swiss francs. that's the organic growth figure. now, investors have been incredibly spoiled over the last couple of years because necessarily's organic growth has been better than its own guidance. now, this year, at least for 2012,
Feb 22, 2013 4:00am EST
on the fiscal side and there's very good reason for that. in spain, we have the ongoing problematics with little access to credit and in france, there's the impression that the country goes the wrong way on the supply and reform. and that is dampening growth expectations in france. that has negative consequences on their budget situation. so i think that is important and could lead to a market reaction. but i think it is not really the driving force for the trend.the the driving force for the trend is what is happening in japan. we as european investors need to understand. and the other driving force is that definitely on growth and political stability in europe. >> hans, i also wonder, given the weakness that you're talking about with france, you saw the weakness in the flash pmis yesterday and yet the german figures come out strong. just to recap, we're showing the greatest increase since july 2010. manufacturers are considerably more optimistic. all of this coming off a really negative period of growth for germany, but how much more complicated does european policy making come if germany and
Feb 28, 2013 4:00am EST
evans. >> here are your headlines from around the world. >>> spain's gdp contracts for a sixth straight quarter, down more than initially expected as its most troubled lender posts the country's biggest ever loss. >>> and the finance minister raises taxes on top earners rather than cut spending in an election year. >>> and the eu moves to clamp down on big paychecks in the banking sector, looking to cap bonuses on a banker's salary as early as next year. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. we're back. you're mobiled up and we have some data. >> yes. it's such a mobile world, isn't it, in many ways. let's first talk about what's happening with the german unemployment figures. we were waiting on these. it turns out 6.9%, that is the unemployment level for germany in january. the unadjusted figure is 7.4%. it's higher than expected. you can see the forecast was for 6.8%. the prior month was revised higher. the rate itself was unchanged. that's a right i think here in london or certainly in the u.s. they wouldn't min
Feb 27, 2013 7:00pm PST
. temperatures running below average. i want to show you some video coming out of spain. heavy snow and bitter cold have hit most parts of spain. rain has blanketed madrid for the first time this winter. temperatures fell below freezing and in some places to minus 10 degrees. the last big snowfall was decades ago. several stores are closed in the north. snow has let up in the north. however the central and southern parts of spain will remain at risk of heavy snow and an additional 50 centimeters of snow is likely. that could cause slip and fall accidents. be careful when walking. out toward the east the weather is coming to an end across the ball can peninsula. up towards the north wet and windy conditions remaining in norway but for the rest of europe staying dry. temperatures are running below seasonal in many locations in europe. australia we've been monitoring a cyclone. it has weakened and speeding up. right now it's situated over here. this is the desert area so rain could cause flash floods. still an additional 150 millimeter is likely for locations and strong winds could cause sand sto
Feb 18, 2013 5:30am PST
. wille airplane in spain stay on the ground the next five days. begun a fivef have day strike in protest against job and salary cuts. action preceptor ground more than 1000 flights in spain this week? . it is expected to cost the airline millions of dollars. workers including baggage handlers, pilots, and cabin crews say they will hold off three separate strikes until march. iberia said the layoffs are necessary to cut costs. now more from madrid. is the future, more robots and automatic check-in desks, fewer people with real jobs. this area would be much busier than it is now. the first friday strike has led to the cancellation of 416 flights. over one of thousands if you consider smaller spanish airlines. seven big thousand passengers have either had to be found other seeds or be reimbursed. most of it is affecting domestic services. the fear is that with ground staff walking out with cabin crews and pilots, this could have a knock on affect other international airlines using spanish airports. iberia does have deep structural issues that need to be addressed. its parent company gets it
Feb 24, 2013 2:00pm PST
countries, portugal, ireland, greece, and spain. it is the third biggest in the eurozone. it is 10 times the economy of greece. italy would be impossible to bail out. the economy is not that bad. it is still a lot lower than spain or greece. italy's problem is a lack of growth on par with haiti and zimbabwe. that is the problem with its growing. it just evaporate any chance at it being able to repay the huge debt which stands at about 120% of gdp. that is why the eurozone is looking at italy quite closely. the answer so far seems to be austerity. that is what mario monti's government has been pushing. like and other country, greece and spain have huge question marks on whether austerity is the best or worst thing for the economy? it means the economy does not grow. that is one of the issues of anyone at the voting booth today or tomorrow. >> thank you. staying in rome, pope benedict the 16th has been reassuring ball worse that he is not abandoning the roman catholic church. he was giving his final sunday blessing to a packed crowd. paul brennan has the story. >> it lasted barely 10 minut
Feb 4, 2013 9:00am EST
, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this point. >> we're nowhere near the yields that we saw at the end of 2011, of course. and that we dealt with so often in the second quarter of last year, in terms of the crisis atmosphere that engulfed up. and in europe, an
Feb 4, 2013 1:00pm EST
and spain, to a lesser extent. i would say the declines in the u.s., fairly modest. given that we moved a thousand point in the month of january. >> kenny was here, director of floor with securities. >> we haven't even traded 300 million shares down here today. that's relatively weak. but you made the point. we were up almost 7% year to date. so off a half percent or three quarters percent is not a reason for anyone to panic but a sense the market was exhausted like we been talking about and that in fact maybe it will test the 1475 level for support on the s&p because it was such a tough level to get through on the way up. >> on the way up. >> let's listen to what les had to say because he is longer term bullish and maybe this entry point. take a look. >> this is a crisis for another crisis. we look at again, the market from a cycle of viewpoint, when have you market that started the way this did, consolidated very nicely. now have you exuberant phase, again, i'm still comfortable saying at some point this year, at least 55% possibility. >> all right. 1600 is what he is looking for. is
Feb 12, 2013 4:00am EST
of factors that are particularly hard to predict, like issues in spain or greece and global macro factors and i think that's had an impact on a lot of hedge funds results. i would argue as we move into this year, things are going to become more clear because we're moving into more normal commodities. >> why do you see gold etfs going, as well? it's struggling to get above -- where are we, 1700, 1750, back of those ranges. >> i think what's going on with gold are interest rate expectations are increasing. higher interest rates and a stronger dollar usually are good for goal. gold is facing a lot of headwinds. i think that's going to continue as long as we're in this risk on environment. but i would make the point that gold tends to perform very well when you see big risk events. for example, if you start to see issues in spain, spain yields start backing up in a substantial way or if you start to see problems north korea with the atomic bomb explosions. so a lot of investors are holding gold and gold will perform well. >> is the biggest risk to gold, though, is when yields, government bond
Feb 6, 2013 4:00am EST
of petitions asking for letters of resignations of public people in spain. we can recall the petition with more than 100,000 signatures asking for the resignation of the president of the supreme court in spain. after the position he resigned. >> right. there are those obviously, the party secretary general claims the accounts are false. and the pp is protesting its innocence. i've never received or handed out black money is mr. rajoy's claim. don't i have a right to fight these and stick around? >> well, of course they have the right to fight this, but they need to explain better to the spanish citizens that they have a clear conscience in their party. the perception after what we can see on the platform is that people need more explanation about what is happening inside and they want consequences if this happens to be true. >> there's been a lot of talk about how unhappy the spaniards seem to be with politics and politicians generally speaking. so i guess it's one thing to kind of push for rajoy to step down. are you seeing anything else in terms of what spaniards do want? >> well, in the last
Feb 18, 2013 10:30am EST
in the audience here, it was basically a decade of no growth in portugal. in the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which have gone under, a number have gone under, and a government that basically drove up the deficit and regional governments, because regions are very important in spain also drove up this problem with big deficits. and they weren't attended to. and so in each one of these you have somewhat of a different reason. the case of italy a debt to gdp of over 120% and growing, and the lack of action in trying to do anything about it by the former government. monti came in as a technician and, by the way, technicians are great, but their period of time is limited because they have no popular support vis-a-vis an election. whether it be greece or italy. and as you know, monti now, there'll be elections in italy, and we'll see how he does. but you need popular mandates to get these changes really through. i'm encouraged in the case of ireland, they're making good progress getting back to the market, but ther
Feb 12, 2013 12:00pm PST
but in spain, in ireland, in portugal they are undergoing very large cutbacks in public spending. >> rose: those are the plateses in the worst shape. >> well, but those-- . >> rose: the question is -- >> but if it is a cause and effect, right. >> rose: the north is better off than the south. >> but spain and italy, spain and ireland were actually doing better in terms of long-term track than the north for several years. they probably were overheating. a lot of it was real estate boom but in the end, it's in the clear that the austerity isn't making them worse rather than better. i mean so they're crushing wages, they're not investing. spain, great example. spain had great productivity growth in the 2000 until the crisis hit. they waste a lot of money on being houses, fine. they actually unlike britain have a pretty competitive export sector. their exports have gone up, fine. but bottom line, some of austerity there is no corporate investment because financial conditions are so tight, small businesses can't get credit and there's no investment in human capital meaning half the people who a
Feb 10, 2013 7:30pm EST
to forget very recent history. spain, ireland had very low levels of debt when they came into the crisis. now they have deficits, debt because of the crisis. not the other way around. greece is a different story. we are nothing like those. we have our own currency which gives us more freedom of action. how much now? in the book i call for 2% of gdp which is around $300 billion a year which is easy now. mostly it would take the form of aid to state and local government who rehire school teachers who were laid off to restart the pothole killing cancelled because of budget constraints. that will get us close to full employment now. stop it when the private sector has repaired its balance sheets enough so the economy is growing strongly again and when the fed starts raising interest rates which it will do eventually. that's the time you can safely cut government spending because then you can make a deal. the fed won't raise interest rates if the government is cutting spending. there is no net effect on jobs. it's about when we get the zero lower bound to use the jargon on the interest rate.
Feb 4, 2013 7:00pm PST
world, okinawa. >>> people living in spain are upset about what they are reading. what's did the accused say? >> they say but have yet to show proof. people in spain are angry. a corruption scandal, even the prime minister is threatening to derail economic reform. more than ten ruling party executives have been taking kick backs for many years. the publication says the prime minister pocketed as much as $30,000 a year from construction firms and other businesses. he allegedly took the money for a dozen years until 2008. spanish citizens are especially furious as the same government is pressing austerity measures upon them hiking their taxes and cutting public servants pay. opposition parties are demanding the prime minister's resignation. they say he's not fit to be leader as the country faces its fiscal crisis. he's denied the allegations. >> translator: i must reiterate what i said last saturday. nothing in report about me and my fellow party members is correct. what is being published in the media and otherwise expressed is competely and utterly false. >> the prime minister said he ha
Feb 19, 2013 6:30pm PST
was discriminatory. in france, the netherlands, belgium, spain, sweden, and denmark, gay couples have the same adoption rights as heterosexual ones. >> earlier, we spoke with our correspondent and asked how significant the court ruling is for germany's same-sex couples. >> it is a small but important step in what they would say is the right direction, but i think it would say there is still a lot of work to be done on issues like same-sex marriage and adoption issues, as we've just seen. certainly, in germany, the greens were leading the way trying to get legislation through parliament on these issues, but it has been blocked by angela merkel's conservatives, by and large. a lot of people in conservative ranks want to defend what they view as a more traditional view of the family. these are divisive issues. there's a lot of passion around this. it is very emotional. the greens are saying they're going to make all these issues an element of their election manifesto, so that should be interesting. there is a lot of passion in germany. i have to say also that is not quite as much as it was recent
Feb 25, 2013 7:00pm PST
. they unveiled their models at an international trade show in spain. the latest tablets and wristwatch gadgets are grabbing people's attention. samsung introduced a split screen feature that can display two different applications. users can check e-mails while viewing pictures or websites. japanese makers appeal to visitors with sony announcing it will go global with smartphones and tablets that are water resistant. these phones are popular among the elderly in japan. that's the latest in business for this hour. here is another check on regional markets. >>> delegates will plemeet for first time in eight months. they entering the meeting with skepticism. they met beforehand with european union policy chief and iran's top nuclear negotiator. he hoped the talks would bear fruit once and for all. delegates are demanding that iranian scientists stop enriching uranium to 20%. beyond that point they can move toward uranium that's weapons grade. the u.s. and the eu have imposed sanctions to encourage them to abandon their nuclear ambitions. iranian leaders show little sign of slowing down their nucle
Feb 11, 2013 12:30am PST
very, very recent history. spain, ireland had very low levels of debt when they came into the crisis. now they have deficits. now they have debt but it's because of the crisis, not the other way around. greece is a completely different story. of course, we're nothing like any of those because we have our own currency. freedom of action. how much mail? i would actually in the book i call for about 2% dprks dp, $300 billion a year, which is easy now. it would take the state and local governments to rehire the schoolteachers laid off and restart the pothole fillings that have been canceled because of budget constraints. that's enough to get us a long way. that's enough to get us close to full employment right now. you stop at when the private sector repaired their balance sheets enough so the economy is growing strongly again and when the feds start raising interest rates, that's the time when you can safely cut government spending because then you can make a deal. the fed will not raise interest rates if the government is cutting spending. so there is no net effect on jobs. so it's abo
Feb 25, 2013 4:30am PST
in spain to show the new droid-powered tablet. h.p. wants to start selling it here in april. samsung taking aim at the new ipad mini with the new galaxy tablet. it comes with a pan or stylist for writing on the screen something that apple does not do. at the wireless conference, mozilla is, working on a new mobile operating system. it will be first available only overseas. google says the most searched nominee last night were actors, jennifer lawns, and& anne hathaway and >> daily, dublin, los gatos and all bay area this is abc7 news in. >> good morning. palo alto police are looking for an armed man would tried to problem someone in a downtown parking garage. this is a sketch of the man wanted for the robbery attempt. the victim fought back and escaped. the police are investigating whether the suspect is involved in three other recent robberies in pale appeal area. >> reward is set up to help find an east bay couple who disappeared while visiting peru. >> it has been a month since anyone has heard from the couple. now, co-workers at the bicycle shot are taking action. they set up a reward f
Feb 3, 2013 2:00pm PST
. the opposition leader of spain joined protests calling for the prime minister to quit over corruption. football couple -- oldest football club becomes the latest victim in the economic crisis. >> the president of syria has accused israel of trying to stabilize its country. the warning comes as new u.s. figures show the number of serious refugees rose by more than 25% last month. the president told state television the military is ready to confront any act of aggression by israel. this follows an air strike outside the capital of damascus on wednesday with the government has blamed on israel. the promise came as he met the head of a rob's and national security council. the theory of conflict has dominated high level talks at a security conference in germany. the defense minister of israel appears to confirm speculation that israeli forces were behind wednesday's attack near damascus. >> alongside apparent diplomatic progress on syria, there were reminders about how easily the conflict could spread. the defense minister of israel spoke of the imminent fall of bashar al-assad, and gave his respons
Feb 23, 2013 7:00am PST
and misinformation. the pope announced his intention to stand down last week claiming his old age. the king of spain's son in-law has arrived in court to answer corruption charges. he is accused of tax fraud in a $7 million embezzlement case. the former olympics hand ball player is said to have used his influence to get contracts to put on events. the scace has enraged spadyrds at a time when spain has one of the highest unemployment rates. hundreds of supporters of chaveezz have held a vigil for the president. he has not been seen since returning to venezuela after receiving cancer treatment in cuba. he is in a military hospital being treated for respiratory problems. >> the president is receiving treatment. he has a breathing problem which is being treated intensely. he is using a tube to support his breathing and has communicated with us through various means to give us his instructions. >> the families of more than 7,000 haitians who died of cholera have reacted angrily to the u.n.'s decision to reject their claims for compensation. scientific studies suggest u.n. peace keepers were the source o
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